According to the Wall Street Journal: British lawmakers unexpectedly ruled out a no-deal exit from the European Union on Wednesday, likely eliminating the prospect of a chaotic U.K. departure from the bloc that many businesses have depicted as a worst-case scenario for the country’s economy.
The decision overturns Prime Minister Theresa May’s Brexit calculus. It came a day after Parliament resoundingly rejected for a second time the deal she negotiated with the EU laying out conditions for the country’s orderly separation from its biggest trading partner.
After Tuesday’s defeat, Mrs. May said she would put a vote before Parliament over whether to rule out a no-deal exit on March 29, when the U.K. is currently scheduled to leave the EU. That would have postponed—but not eliminated—the possibility that the U.K. leaves the EU without a deal.